European Commission

The EC Allocates €3.8 Billion to the Western Balkans and the EU's Eastern and Southern Neighbors

This is part of the European Union's strategy for a global pandemic response

EU Enlargement Commissioner Oliver Varhelyi said today that the European Commission is allocating € 3.8 billion to the Western Balkans and its EU east and south neighbors to help fight the coronavirus, according to BGNES.

Markets, member-states eagerly await comprehensive EU crisis plan from Eurogroup

Markets and all EU member-states, especially those in Southern Europe which like Greece seek some form of mutualisation of debt have been  focusing like a laser beam on today's Eurogroup meeting and analysts expect joint action to help prop up the economies of member states - possibly including even so-called coronabonds.

PLUS: Romania, designated by EC to buy, stock and distribute medical equipment for EU

Romania has been designated by the European Commission to buy, stock and distribute medical equipment for all the European Union countries affected by the novel coronavirus pandemic, the Save Romania Union (USR) - the Liberty, Unity, Solidarity Party (PLUS) Alliance announced on Tuesday.

Greece urged to evacuate migrant camps

Greece is coming under increasing pressure from the European Commission to decongest refugee and migrant camps on the islands of the eastern Aegean amid the coronavirus pandemic.

The living conditions of migrants on the islands, where some 40,000 people live in overcrowded camps, have turned these facilities into potential public health risks.

More than 1,600 unaccompanied minor migrants to be relocated to EU countries.

A plan is under way to relocate at least 1,600 unaccompanied minors from Greek refugee camps to several European Unon countries, European Commission spokesman Jahnz Adalbert has said.

The relocation was decided on March 6 but has been delayed by the spread of the coronavirus. 

European Commission boosts Greek market liquidity

The European Commission gave a fresh boost to the Greek economy on Friday by approving a lifeline of 2 billion euros for the country's businesses.

Greece had requested support in the form of loan collateral that will be granted to local banks through the Hellenic Development Bank, so as to cover loans for corporate liquidity.